Table of Contents

UNITED STATESSECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q☒

Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
for the quarterly period ended June 30, 2024☐

Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
for the transition period fromtoCommission file number: 001-32356

SPDR® GOLD TRUSTSPONSORED BY WORLD GOLD TRUSTSERVICES, LLC(Exact Name of Registrant as Specified in Its Charter)

New York(State or Other Jurisdiction ofIncorporation or Organization)

81-6124035(I.R.S. Employer
Identification No.)

c/o World Gold Trust Services, LLC
685 Third Ave., Suite 2702
New York, New York 10017(Address of Principal Executive Offices)(212) 317-3800(Registrant’s Telephone Number, Including Area Code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
SPDR® Gold Trust

Trading
Symbol(s) Name
GLD®

Name of each exchange
on which registered
NYSE Arca

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past
90 days. Yes ☒ No ☐Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T
during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange
Act.
Large accelerated filer☒

Accelerated filer☐

Non-accelerated filer☐

Smaller reporting company☐

Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
As of August 5, 2024, the Registrant had 293,700,000 Shares outstanding.

Yes☐ No ☒

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SPDR® GOLD TRUSTINDEXPART I - FINANCIAL INFORMATION
Item 1.
Financial Statements (Unaudited)
Statements of Financial Condition at June 30, 2024 (unaudited) and September 30, 2023
Schedules of Investment at June 30, 2024 (unaudited) and September 30, 2023
Unaudited Statements of Operations for the three and nine months ended June 30, 2024 and 2023
Unaudited Statements of Cash Flows for the three and nine months ended June 30, 2024 and 2023
Unaudited Statements of Changes in Net Assets for the three and nine months ended June 30, 2024 and 2023
Notes to the Unaudited Financial Statements
Item 2.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Item 4.
Controls and ProceduresPART II - OTHER INFORMATION
Item 1.
Legal Proceedings
Item 1A. Risk Factors
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
Item 3.
Defaults Upon Senior Securities
Item 4.
Mine Safety Disclosures
Item 5.
Other Information
Item 6.
Exhibits
SIGNATURES

Page
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2
3
4
5
6
10
14
14
14
14
14
15
15
15
15
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SPDR® GOLD TRUSTPART I - FINANCIAL INFORMATION:
Item 1.

Financial Statements (Unaudited)

Statements of Financial Condition
At June 30, 2024 (unaudited) and September 30, 2023
Jun-30, 2024
(unaudited)(Amounts in 000’s of US$ except for share and per share data)
ASSETS
Investments in Gold, at fair value (cost $46,813,267 and $47,094,463 at June 30, 2024 and September 30, 2023,
respectively)
Total Assets
LIABILITIES
Accounts payable to Sponsor
Gold payable
Total Liabilities
Net Assets
Shares issued and outstanding(1)Net asset value per Share(1)

Authorized share capital is unlimited and the par value of the Shares is $0.00.

See notes to the unaudited financial statements.

1

Sep-30, 2023$$

62,129,735
62,129,735$$

52,539,161
52,539,161

$

$

$
$

20,377—
20,377
62,109,358$$

17,892—
17,892
52,521,269$

288,100,000
215.58$

302,700,000
173.51

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SPDR® GOLD TRUST
Schedules of Investment(Amounts in 000’s except for percentages)

June 30, 2024
(unaudited)
Investment in Gold
Total Investment
Liabilities in excess of other assets
Net Assets

Ounces of gold

September 30, 2023
Investment in Gold
Total Investment
Liabilities in excess of other assets
Net Assets

Ounces of gold
28,088.3

26,654.8

Cost$$

46,813,267
46,813,267

Fair Value$$

62,129,735
62,129,735(20,377)
62,109,358

100.03%100.03%(0.03)%
100.00%Fair Value$
52,539,161$
52,539,161(17,892)$
52,521,269% of Net
Assets100.03%100.03%(0.03)%
100.00%$See notes to the unaudited financial statements.
2

$
$

Cost
47,094,463
47,094,463% of Net
AssetsTable of Contents

SPDR® GOLD TRUST
Unaudited Statements of Operations
For the three and nine months ended June 30, 2024 and June 30, 2023
Three Months
Ended
Jun-30, 2024
(unaudited)(Amounts in 000’s of US$, except per share data)
EXPENSES
Sponsor fees
Total expenses
Net investment loss
Net realized and change in unrealized gain/(loss) on investment in gold
Net realized gain/(loss) from investment in gold sold to pay expenses
Net realized gain/(loss) from gold distributed for the redemption of shares
Net change in unrealized gain/(loss) on investment in gold
Net realized and change in unrealized gain/(loss) on investment in gold
Net income/(loss)
Net income/(loss) per share
Weighted average number of shares (in 000’s)$$$

See notes to the unaudited financial statements.
362,137
62,137(62,137)
15,794
977,749
2,088,718
3,082,261
3,020,124
10.46
288,724

Three Months
Ended
Jun-30, 2023
(unaudited)$$$

59,09359,093(59,093)
9,804
674,988(2,708,536)(2,023,744)(2,082,837)(6.46)
322,625

Nine Months
Ended
Jun-30, 2024
(unaudited)$$$

173,768
173,768(173,768)
32,8382,480,434
9,871,770
12,385,042
12,211,273
41.46
294,516Nine Months
Ended
Jun-30, 2023
(unaudited)$$$

165,464
165,464(165,464)
19,031
1,162,868
5,754,408
6,936,307
6,770,843
21.23
318,975

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SPDR® GOLD TRUST
Unaudited Statements of Cash Flows
For the three and nine months ended June 30, 2024 and June 30, 2023
Three Months
Ended
Jun-30, 2024
(unaudited)(Amounts in 000’s of US$)INCREASE/DECREASE IN CASH FROM OPERATIONS:
Cash proceeds received from sales of gold
Cash expenses paid
Increase/(Decrease) in cash resulting from operations
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:
Value of gold received for creation of shares-net of change in gold receivable
Value of gold distributed for redemption of shares-net of change in gold payable$

Three Months
Ended
Jun-30, 2023
(unaudited)$$

61,181(61,181)
—
—
—

$
$

3,864,509
3,857,101$$

59,070(59,070)
—
—
—

$
$

3,966,867
4,063,668

Three Months
Ended
Jun-30, 2024
(unaudited)(Amounts in 000’s of US$)RECONCILIATION OF NET INCOME/(LOSS) TO NET CASH PROVIDED BY
OPERATING ACTIVITIESNet income/(loss)
Adjustments to reconcile net income/(loss) to net cash provided by operating
activities:
Proceeds from sales of gold to pay expenses
Net realized (gain)/loss from investment in gold sold to pay expenses
Net realized (gain)/loss from gold distributed for the redemption of shares
Net change in unrealized (gain)/loss on investment in gold
Increase/(Decrease) in accounts payable to Sponsor
Net cash provided by operating activities
See notes to the unaudited financial statements.
4$

3,020,124$

61,181(15,794)(977,749)(2,088,718)
956
0Nine Months
Ended
Jun-30, 2024
(unaudited)$$

171,283(171,283)———$

163,366(163,366)
—
—
—

$
$

10,830,737
13,453,922$$

10,121,687
10,607,630

Three Months
Ended
Jun-30, 2023
(unaudited)$(2,082,837)$

59,070(9,804)(674,988)
2,708,536230Nine Months
Ended
Jun-30, 2023
(unaudited)

Nine Months
Ended
Jun-30, 2024
(unaudited)$

12,211,273$

171,283(32,838)(2,480,434)(9,871,770)2,486
0Nine Months
Ended
Jun-30, 2023
(unaudited)$

6,770,843$

163,366(19,031)(1,162,868)(5,754,408)
2,098
0

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SPDR® GOLD TRUST
Unaudited Statements of Changes in Net Assets
For the three and nine months ended June 30, 2024 and June 30, 2023
Three Months
Ended
Jun-30, 2024
(unaudited)$
59,081,826
3,864,509(3,857,101)(62,137)
15,794
977,749
2,088,718$
62,109,358(Amounts in 000’s of US$)Net Assets - Opening Balance
Creations
Redemptions
Net investment loss
Net realized gain/(loss) from investment in gold sold to pay expenses
Net realized gain/(loss) from gold distributed for the redemption of shares
Net change in unrealized gain/(loss) on investment in gold
Net Assets - Closing Balance
See notes to the unaudited financial statements.
5

Three Months
Ended
Jun-30, 2023
(unaudited)$
59,048,717
3,966,867(4,272,581)(59,093)
9,804
674,988(2,708,536)$
56,660,166

Nine Months
Ended
Jun-30, 2024
(unaudited)$
52,521,269
10,830,737(13,453,922)(173,768)
32,8382,480,434
9,871,770$
62,109,358

Nine Months
Ended
Jun-30, 2023
(unaudited)$
50,490,460
10,121,687(10,722,824)(165,464)
19,031
1,162,868
5,754,408$
56,660,166

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SPDR® GOLD TRUST
Notes to the Unaudited Financial Statements

1.

Organization

The SPDR® Gold Trust (the “Trust”) is an investment trust formed on November 12, 2004 under New York law pursuant to a trust indenture (the “Trust Indenture”). The
fiscal year-end for the Trust is September 30t h. The Trust holds gold and is expected from time to time to issue shares (“Shares”) (in minimum denominations of 100,000
Shares, also referred to as “Baskets”) in exchange for deposits of gold and to distribute gold in connection with the redemption of Baskets. The investment objective of
the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. World Gold Trust Services, LLC is the sponsor of the Trust(the “Sponsor”). The Bank of New York Mellon is the trustee of the Trust (the “Trustee”). State Street Global Advisors Funds Distributors, LLC is the marketing agent of
the Trust (the “Marketing Agent”). HSBC Bank plc ("HSBC") and JPMorgan Chase Bank, N.A. are the custodians of the Trust (each a "Custodian" and together, the“Custodians”).
The Shares trade on the NYSE Arca, Inc. (the “NYSE Arca”) under the symbol “GLD”, providing investors with an efficient means to obtain market exposure to the priceof gold bullion. The Shares are also listed on the Hong Kong Exchanges and Clearing Limited, the Mexican Stock Exchange (Bolsa Mexicana de Valores), the Singapore
Exchange Limited and the Tokyo Stock Exchange.
The Trustee does not actively manage the gold held by the Trust. This means that the Trustee does not sell gold at times when its price is high or acquire gold at low
prices in the expectation of future price increases. It also means that the Trustee does not make use of any of the hedging techniques available to professional gold
investors to attempt to reduce the risk of losses resulting from price decreases. Any losses sustained by the Trust will adversely affect the value of the Shares.
The Statements of Financial Condition and Schedules of Investment at June 30, 2024 and the Statements of Operations, Cash Flows and Changes in Net Assets for thethree and nine months ended June 30, 2024 and 2023 have been prepared on behalf of the Trust without audit. In the opinion of management of the Sponsor of the Trust,
all adjustments (which include normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows as of and forthe three and nine months ended June 30, 2024 and for all periods presented have been made.
These financial statements should be read in conjunction with the financial statements and notes thereto included in the Trust’s Annual Report on Form 10-K for the
fiscal year ended September 30, 2023. The results of operations for the three and nine months ended June 30, 2024 are not necessarily indicative of the operating results
for the full fiscal year.

2.

Significant Accounting Policies

The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires those
responsible for preparing financial statements to make estimates and assumptions that affect the reported amounts and disclosures. Actual results could differ fromthose estimates. The following is a summary of significant accounting policies followed by the Trust.
2.1.

Basis of Accounting

For accounting purposes only, the Trust is an investment company and, therefore, applies the specialized accounting and reporting guidance in Financial AccountingStandards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services—Investment Companies. The Trust is not registered as aninvestment company under the Investment Company Act of 1940, as amended.
2.2.

Fair Value Measurement

FASB Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures, provides a single definition of fair value, a hierarchy for measuring fairvalue and expanded disclosures about fair value adjustments.
The Trust does not hold any derivative instruments, and its assets only consist of allocated gold bullion and, from time to time, (i) gold receivable, representing gold
covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to the Trust’s account and (ii) cash, which is used to pay
expenses.
U.S. GAAP defines fair value as the price the Trust would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at themeasurement date. The Trust’s policy is to value its investments at fair value.
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Various inputs are used in determining the fair value of assets and liabilities. Inputs may be based on independent market data (“observable inputs”) or they may beinternally developed (“unobservable inputs”). These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes.
The level of a value determined for an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value
measurement in its entirety. The three levels of the fair value hierarchy are as follows:
Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities;
Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices
for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs otherthan quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data bycorrelation or other means; andLevel 3 – Inputs that are unobservable for the asset or liability, including the Trust’s assumptions used in determining the fair value of investments.
The following table summarizes the Trust’s investments at fair value:(Amounts in 000’s of US$)
June 30, 2024
Investment in Gold
Total

$
$

Level 1
62,129,735
62,129,735$$(Amounts in 000’s of US$)
September 30, 2023
Investment in Gold
Total

$
$

Level 152,539,161
52,539,161$$

Level 2

Level 3
—
—

$
$

—
—

$
$

Level 2——

Level 3——

There were no transfers between Level 1 and other Levels for the nine months ended June 30, 2024, or for the year ended September 30, 2023.
The Trustee values the gold held by the Trust on the basis of the price of an ounce of gold as determined by the ICE Benchmark Administration Limited (“IBA”), a
benchmark administrator, which provides an independently administered auction process as well as the overall administration and governance for the London Bullion
Market Association (“LBMA”). In determining the net asset value (“NAV”) of the Trust, the Trustee values the gold held by the Trust on the basis of the price of anounce of gold determined by the IBA 3:00 PM auction process (“LBMA Gold Price PM”), which is an electronic auction, with the imbalance calculated, and the priceadjusted in rounds (30 seconds in duration). The auction runs twice daily at 10:30 AM and 3:00 PM London time. The Trustee determines the NAV of the Trust on each
day the NYSE Arca is open for regular trading, at the earlier of the LBMA Gold Price PM for the day or 12:00 PM New York time. If no LBMA Gold Price is made on aparticular evaluation day or if the LBMA Gold Price has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold
Price (AM or PM) is used in the determination of the NAV of the Trust, unless the Trustee, in consultation with the Sponsor, determines that such a price isinappropriate to use as the basis for such determination.
2.3.

Custody of Gold

Gold is held by the Custodians on behalf of the Trust, 100% of which is allocated gold in the form of good delivery gold bars. A current list of all gold held by each
Custodian, including any held with a subcustodian is available on the Sponsor’s website at www.spdrgoldshares.com.
7

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2.4.

Gold Receivable

Gold receivable represents the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to theTrust’s account. Generally, ownership of the gold is transferred within one business day of the trade date.
(Amounts in 000’s of US$)Gold receivable2.5.

Jun-30, 2024$

Sep-30, 2023—$—

Gold Payable

Gold payable represents the quantity of gold covered by contractually binding orders for the redemption of Shares where the gold has not yet been transferred out of
the Trust’s account. Generally, ownership of the gold is transferred within one business day of the trade date.
(Amounts in 000’s of US$)Gold payable
2.6.

Jun-30, 2024$

Sep-30, 2023—$—

Creations and Redemptions of Shares

The Trust creates and redeems Shares from time to time, but only in one or more Baskets (a Basket equals a block of 100,000 Shares). The Trust issues Shares in Baskets
to certain authorized participants (“Authorized Participants”) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to
the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be basedon the combined net asset value of the number of Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets
is properly received.
As the Shares of the Trust are redeemable in Baskets at the option of the Authorized Participants, the Trust has classified the Shares as Net Assets for financial
reporting purposes. Activity in the number and value of Shares created and redeemed for the nine months ended June 30, 2024 and 2023 are as follows:
Nine Months
Ended
Jun-30, 2024

(Amounts are in 000’s)
Activity in Number of Shares Created and Redeemed:
Creations
Redemptions
Net Change in Number of Shares Created and Redeemed

54,800(69,400)(14,600)
Nine Months
Ended
Jun-30, 2024

(Amounts in 000’s of US$)
Activity in Value of Shares Created and Redeemed:
Creations
Redemptions
Net change in Value of Shares Created and Redeemed
2.7.

$
$
$

10,830,737 $(13,453,922) $(2,623,185) $Nine Months
Ended
Jun-30, 2023
57,400(62,600)(5,200)Nine Months
Ended
Jun-30, 2023
10,121,687(10,722,824)(601,137)

Income and Expense (Amounts in 000’s of US$)The Trustee will, at the direction of the Sponsor or in its own discretion, sell the Trust’s gold as necessary to pay the Trust’s expenses. When selling gold to pay
expenses, the Trustee will endeavor to sell the smallest amount of gold needed to pay expenses in order to minimize the Trust’s holdings of assets other than gold.
Unless otherwise directed by the Sponsor, the Trustee will sell gold to the Custodians at the next LBMA Gold Price PM following the sale order. A gain or loss isrecognized based on the difference between the selling price and the average cost of the gold sold, and such amounts are reported as net realized gain/(loss) frominvestment in gold sold to pay expenses on the Statements of Operations.
The Trust’s net realized and change in unrealized gain on investment in gold for the nine months ended June 30, 2024 of $12,385,042 is made up of a realized gain of$32,838 from the sale of gold to pay expenses, a realized gain of $2,480,434 from gold distributed for the redemption of Shares, and a change in unrealized gain of$9,871,770 on investment in gold.
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The Trust’s net realized and change in unrealized gain/(loss) on investment in gold for the nine months ended June 30, 2023 of $6,936,307 is made up of a realized gain of$19,031 from the sale of gold to pay expenses, a realized gain of $1,162,868 from gold distributed for the redemption of Shares, and a change in unrealized gain of$5,754,408 on investment in gold.
2.8.

Income Taxes

The Trust is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, the Trust itself will not be subject to U.S. federal income tax. Instead, theTrust’s income and expenses will “flow through” to the Shareholders, and the Trustee will report the Trust’s proceeds, income, deductions, gains, and losses to theInternal Revenue Service on that basis. The Sponsor of the Trust has evaluated whether or not there are uncertain tax positions that require financial statement
recognition and has determined that no reserves for uncertain tax positions are required as of June 30, 2024 or September 30, 2023.
The Sponsor evaluates tax positions taken or expected to be taken in the course of its tax treatment, and its tax reporting to its shareholders, of these positions todetermine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet that threshold would berecorded as an expense in the current year. The Trust is required to analyze all open tax years. Open tax years are those years that are open for examination by therelevant income taxing authority. As of June 30, 2024, the 2023, 2022 and 2021 tax years remain open for examination. There were no examinations in progress at period
end.

3.

Related Parties – Sponsor and Trustee

The Trust’s only recurring fixed expense is the Sponsor’s fee which accrues daily at an annual rate equal to 0.40% of the daily NAV, in exchange for the Sponsor
assuming the responsibility to pay all ordinary fees and expenses of the Trust which include fees and expenses of the Trustee, the fees and expenses of the Custodians
for the custody of the Trust’s gold bars, the fees and expenses of the Sponsor, certain taxes, the fees of the Marketing Agent, printing and mailing costs, legal and audit
fees, registration fees, NYSE Arca listing fees and other marketing costs and expenses.
Affiliates of the Trustee may from time to time act as Authorized Participants or purchase or sell gold or Shares for their own account, as agent for their customers andfor accounts over which they exercise investment discretion.

4.

Concentration of Risk

The Trust’s sole business activity is the investment of gold. Various factors could affect the price of gold including: (i) global supply and demand, which is influenced
by such factors as gold’s uses in jewelry, technology and industrial applications, purchases made by investors in the form of bars, coins and other gold products,
forward selling by gold producers, purchases made by gold producers to unwind gold hedge positions, central bank purchases and sales, and production and costlevels in major gold-producing countries such as China, Australia, and the United States; (ii) investors’ expectations with respect to the rate of inflation; (iii) currency
exchange rates; (iv) interest rates; (v) investment and trading activities of hedge funds and commodity funds; (vi) other economic variables such as income growth,economic output, and monetary policies; and (vii) global or regional political, economic or financial events and situations, especially those that are unexpected in nature.
In addition, while gold is used to preserve wealth by investors around the world, there is no assurance that gold will maintain its long-term value in terms of purchasing
power in the future. In the event that the price of gold declines, the Sponsor expects the value of an investment in the Shares to decline proportionately. Each of these
events could have a material effect on the Trust’s financial position and results of operations.

5.

Indemnification

The Sponsor, and its shareholders, members, directors, officers, employees, affiliates and subsidiaries, are indemnified by the Trust and held harmless against certain
losses, liabilities or expenses incurred in the performance of their duties under the Trust Indenture without gross negligence, bad faith, willful misconduct, willfulmalfeasance or reckless disregard of the indemnified party’s obligations and duties under the Trust Indenture. Such indemnity includes payment by the Trust of thecosts and expenses incurred in defending against any claim or liability under the Trust Indenture. Under the Trust Indenture, the Sponsor may be able to seek
indemnification by the Trust for payments it makes in connection with the Sponsor’s activities under the Trust Indenture to the extent its conduct does not disqualify itfrom receiving such indemnification under the terms of the Trust Indenture. The Sponsor is also indemnified by the Trust and held harmless against any loss, liability or
expense arising under the Amended and Restated Marketing Agent Agreement between the Sponsor and the Marketing Agent effective July 17, 2015, as amended, or
any agreement entered into with an Authorized Participant which provides the procedures for the creation and redemption of Baskets and for the delivery of gold andany cash required for creations and redemptions insofar as such loss, liability or expense arises from any untrue statement or alleged untrue statement of a material fact
contained in any written statement provided to the Sponsor by the Trustee. Any amounts payable to the Sponsor are secured by a lien on the Trust’s assets.
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The Sponsor has agreed to indemnify certain parties against certain liabilities and to contribute to payments that such parties may be required to make in respect of
those liabilities. The Trustee has agreed to reimburse such parties, solely from and to the extent of the Trust’s assets, for indemnification and contribution amounts duefrom the Sponsor in respect of such liabilities to the extent the Sponsor has not paid such amounts when due. The Sponsor has agreed that, to the extent the Trustee
pays any amount in respect of the reimbursement obligations described in the preceding sentence, the Trustee, for the benefit of the Trust, will be subrogated to and will
succeed to the rights of the party so reimbursed against the Sponsor.

6.

Financial Highlights

The Trust is presenting the following financial highlights related to investment performance and operations of a Share outstanding for the three and nine months ended
June 30, 2024 and 2023, respectively. The total return at net asset value is based on the change in net asset value of a Share during the period and the total return atmarket value is based on the change in market value of a Share on the NYSE Arca during the period. An individual investor’s return and ratios may vary based on thetiming of capital transactions.
Financial Highlights (Unaudited)
For the three and nine months ended June 30, 2024 and 2023

Net Asset Value
Net Asset Value per Share, beginning of period
Net investment income/(loss)
Net Realized and Change in Unrealized Gain/(Loss)Net Income/(Loss)
Net Asset Value per Share, end of periodMarket Value per Share, beginning of periodMarket Value per Share, end of period
Ratio to average net assets
Net Investment loss(1)Gross expenses(1)Net expenses(1)Total Return, at Net Asset Value(2)Total Return, at Market Value(2)(1)(2)

Item 2.

Three Months
Ended
Jun-30, 2024
(unaudited)Three Months
Ended
Jun-30, 2023
(unaudited)

$

$

$
$
$

205.00(0.22)
10.80
10.58
215.58205.72215.01(0.40)%
0.40%
0.40%
5.16%
4.52%

$
$
$

184.01(0.18)(6.27)(6.45)
177.56183.22
178.27(0.40)%
0.40%
0.40%(3.51)%(2.70)%

Nine Months
Ended
Jun-30, 2024
(unaudited)
$

$
$
$

173.51(0.59)
42.66
42.07
215.58171.45215.01(0.40)%
0.40%
0.40%
24.25%
25.41%

Nine Months
Ended
Jun-30, 2023
(unaudited)
$

$
$
$

155.69(0.52)
22.39
21.87
177.56
154.67178.27(0.40)%
0.40%
0.40%
14.05%
15.26%

Percentages are annualized.
Percentages are not annualized.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

This information should be read in conjunction with the financial statements and notes included in Item 1 of Part I of this Quarterly Report. The discussion andanalysis which follows may contain trend analysis and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934,as amended, which reflect our current views with respect to future events and financial results. Words such as “anticipate,” “expect,” “intend,” “plan,” “believe,”“seek,” “outlook” and “estimate” as well as similar words and phrases signify forward-looking statements. SPDR® Gold Trust’s forward-looking statements are notguarantees of future results and conditions and important factors, risks and uncertainties may cause our actual results to differ materially from those expressed in ourforward-looking statements.
10

Table of Contents
Trust Overview
SPDR® Gold Trust (the “Trust”) is an investment trust that was formed on November 12, 2004 (the “Date of Inception”). The Trust issues baskets of Shares (“Baskets”)
in exchange for deposits of gold and distributes gold in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect theperformance of the price of gold bullion, less the expenses of the Trust’s operations. The Shares are designed to provide investors with a cost effective and convenient
way to invest in gold.
Gold is held by HSBC Bank plc ("HSBC") and JPMorgan Chase Bank, N.A. ("JPMorgan" and each of HSBC and JPMorgan, a "Custodian" and together, the“Custodians”) on behalf of the Trust.
As of the date of this quarterly report, Goldman Sachs & Co. LLC, Goldman Sachs Execution & Clearing, L.P., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC,
Merrill Lynch Professional Clearing Corp., Morgan Stanley & Co. LLC, RBC Capital Markets LLC, UBS Securities LLC and Virtu Americas LLC are the only Authorized
Participants. An updated list of Authorized Participants can be obtained from the Trustee or the Sponsor.
Investing in the Shares does not insulate the investor from certain risks, including price volatility. The following chart illustrates the movement in the price of the Shares
and NAV of the Shares against the corresponding gold price (per 1/10 of an oz. of gold) since the day the Shares first began trading on the NYSE and subsequenttransfer to NYSE Arca:
Share price & NAV v. gold price – November 18, 2004 to June 30, 2024

The divergence of the price of the Shares and NAV of the Shares from the gold price over time reflects the cumulative effect of the Trust expenses that arise if aninvestment had been held since inception.
Critical Accounting Policy
Valuation of Gold, Definition of NAV
The Trustee values the gold held by the Trust and determines the NAV of the Trust as of the LBMA Gold Price PM on each day that the NYSE Arca is open for regular
trading, at the earlier of the LBMA Gold Price PM for the day or 12:00 PM New York time. If no LBMA Gold Price PM is announced on a particular evaluation day or if
the LBMA Gold Price PM has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold Price (AM or PM) is
used in the determination of the NAV of the Trust, unless the Trustee, in consultation with the Sponsor, determines that such price is inappropriate to use as the basis
for such determination. In the event the Trustee and the Sponsor determine that such price is not an appropriate basis for valuation of the Trust’s gold, they will identify
an alternative basis for such valuation to be employed by the Trustee. While we believe that the LBMA Gold Price is an appropriate indicator of the value of gold, there
are other indicators that are available that could be different than the LBMA Gold Price. The use of such an alternative indicator could result in materially different fairvalue pricing of the gold in the Trust which could result in different market adjustments or redemption value adjustments of our outstanding redeemable Shares.
Once the value of the gold has been determined, the Trustee subtracts all estimated accrued fees, expenses and other liabilities of the Trust from the total value of thegold and all other assets of the Trust (other than any amounts credited to the Trust’s reserve account, if established). The resulting figure is the NAV of the Trust. The
Trustee determines the NAV per Share by dividing the NAV of the Trust by the number of Shares outstanding as of the close of trading on NYSE Arca.
11

Table of Contents
Inspectorate International Limited (“Inspectorate”) conducts two counts each year of the gold bullion held on behalf of the Trust at the vaults of the Custodians. A
complete bar count is conducted once per year and coincides with the Trust’s financial year end at September 30t h. On October 2, 2023, Inspectorate concluded theannual full count of the Trust’s gold bullion held by HSBC at its London vault and JPMorgan at its London and New York vaults. The second count is a random sample
count and is conducted at a date which falls within the same financial year and was conducted most recently at JPMorgan's London vault on March 19, 2024,
JPMorgan's New York vault on April 4, 2024, and at HSBC's London vault on April 2, 2024. The results can be found on www.spdrgoldshares.com. The Sponsor
generally visits the vaults of the Custodians twice a year as part of its due diligence procedures.
Results of Operations
In the three months ended June 30, 2024, an additional 17,800,000 Shares (178 Baskets) were created in exchange for 1,647,304.7 ounces of gold, 17,900,000 Shares(179 Baskets) were redeemed in exchange for 1,656,500.9 ounces of gold, and 26,088.1 ounces of gold were sold to pay expenses.
At June 30, 2024, the amount of gold owned by the Trust and held by the Custodians was 26,654,826.5 ounces, 100% of which is allocated gold in the form of London
Good Delivery gold bars with a market value of $62,129,735,073 based on the LBMA Gold Price PM on June 30, 2024 (cost— $46,813,267,130).
At September 30, 2023, the amount of gold owned by the Trust and held by the Custodians was 28,088,297.6 ounces, 100% of which is allocated gold in the form of
London Good Delivery gold bars with a market value of $52,539,160,689 based on the LBMA Gold Price PM on September 30, 2023 (cost— $47,094,462,787).
Cash Resources and Liquidity
At June 30, 2024, the Trust did not have any cash balances. When selling gold to pay expenses, the Trustee endeavors to sell the exact amount of gold needed to pay
expenses in order to minimize the Trust’s holdings of assets other than gold. As a consequence, we expect that the Trust will not record any net cash flow from its
operations and that its cash balance will be zero at the end of each reporting period.
12Table of Contents
Movements in the Price of GoldAs movements in the price of gold are expected to directly affect the price of the Trust’s Shares, investors should understand what the recent movements in the price ofgold have been. Investors, however, should also be aware that past movements in the gold price are not indicators of future movements.
The following chart provides historical background on the price of gold. The chart illustrates movements in the price of gold in US dollars per ounce over the period
from November 12, 2004 to June 30, 2024 and is based on the LBMA Gold Price PM when available.
Daily Gold Price – November 12, 2004 – June 30, 2024
LBMA Gold Price PM USD

The average, high, low and end-of-period gold prices for the three and twelve-month periods over the prior three years and for the period from the Date of Inception
through June 30, 2024, based on the LBMA Gold Price PM when available from March 20, 2015 and previously the London Fix, were:

PeriodThree months ended September 30, 2021
Three months ended December 31, 2021
Three months ended March 31, 2022
Three months ended June 30, 2022
Three months ended September 30, 2022
Three months ended December 31, 2022
Three months ended March 31, 2023
Three months ended June 30, 2023
Three months ended September 30, 2023
Three months ended December 31, 2023
Three months ended March 31, 2024
Three months ended June 30, 2024
Twelve months ended June 30, 2022
Twelve months ended June 30, 2023
Twelve months ended June 30, 2024
November 12, 2004 to June 30, 2024
(1)
(2)

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Average
1,789.52
1,795.25
1,877.16
1,870.58
1,728.91
1,725.85
1,889.92
1,975.93
1,928.23
1,969.86
2,069.80
2,338.18
1,832.48
1,829.07
2,076.19
1,300.04

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

High
1,829.30
1,864.90
2,039.05
1,976.75
1,808.40
1,823.55
1,993.80
2,048.45
1,976.10
2,078.40
2,214.35
2,427.30
2,039.05
2,048.45
2,427.30
2,427.30

Date
Jul 29, 2021
Nov 17, 2021
Mar 8, 2022
Apr 13, 2022
Jul 4, 2022
Dec 13, 2022
Mar 24, 2023
Apr 13, 2023
Jul 20, 2023
Dec 28, 2023
Mar 28, 2024
May 21, 2024
Mar 8, 2022
Apr 13, 2023
May 21, 2024
May 21, 2024

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Low
1,723.35
1,753.20
1,788.15
1,809.50
1,634.30
1,628.75
1,810.95
1,899.60
1,870.50
1,818.95
1,985.10
2,264.50
1,723.35
1,628.75
1,818.95
411.10Date
Aug 10, 2021
Oct 5, 2021
Jan 28, 2022
May 16, 2022
Sep 27, 2022
Nov 3, 2022
Feb 24, 2023
Jun 29, 2023
Sep 29, 2023
Oct 4, 2023
Feb 14, 2024
Apr 2, 2024
Aug 10, 2021
Nov 3, 2022
Oct 4, 2023
Feb 08, 2005

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

End ofperiod
1,742.80
1,820.10
1,942.15
1,817.00
1,671.75
1,812.35
1,979.70
1,912.25
1,870.50
2,062.40
2,214.35
2,330.90
1,817.00
1,912.25
2,330.90
2,330.90

Lastbusinessday (1)
Sept 30, 2021
Dec 31, 2021 (2)Mar 31, 2022
Jun 30, 2022
Sep 30, 2022
Dec 30, 2022 (2)Mar 31, 2023
Jun 30, 2023
Sep 29, 2023
Dec 29, 2023 (2)Mar 28, 2024
Jun 28, 2024
Jun 30, 2022
Jun 30, 2023
Jun 28, 2024
Jun 28, 2024

The end of period gold price is the LBMA Gold Price PM on the last business day of the period. This is in accordance with the Trust Indenture and the basis used
for calculating the Net Asset Value of the Trust.
There was no LBMA Gold Price PM on the last business day of December 2023, 2022 or 2021. The LBMA Gold Price AM on the last business day of December
2023, 2022 and 2021 was $2,062.40, $1,812.35 and $1,820.10, respectively. The Net Asset Value of the Trust on December 31, 2023, 2022 and 2021 was calculatedusing the LBMA Gold Price AM, in accordance with the Trust Indenture.
13

Table of Contents
Item 3.

Quantitative and Qualitative Disclosures About Market Risk

The Trust Indenture does not authorize the Trustee to borrow for payment of the Trust’s ordinary expenses. The Trust does not engage in transactions in foreign
currencies which could expose the Trust or holders of Shares to any foreign currency related market risk. The Trust does not invest in any derivative financial
instruments or long-term debt instruments. Fluctuations in the value of gold bullion will affect the value of Shares which are designed to reflect the performance of theprice of gold bullion, less the Trust’s expenses.

Item 4.

Controls and Procedures

Disclosure Controls and Procedures
The duly authorized officers of the Sponsor, performing functions equivalent to those a principal executive officer and principal financial officer of the Trust would
perform if the Trust had any officers, have evaluated the effectiveness of the Trust’s disclosure controls and procedures, and have concluded that the disclosure
controls and procedures of the Trust were effective as of the end of the period covered by this report. Such disclosure controls and procedures are designed to provide
reasonable assurance that information required to be disclosed in the reports that the Trust files or submits under the Securities Exchange Act of 1934, as amended, arerecorded, processed, summarized and reported, within the time period specified in the applicable rules and forms, and that such information is accumulated andcommunicated to the duly authorized officers of the Sponsor performing functions equivalent to those a principal executive officer and principal financial officer of theTrust would perform if the Trust had any officers, and to the Audit Committee of the Sponsor, as appropriate, to allow timely decisions regarding required disclosure.
Internal Control Over Financial Reporting
There has been no change in the internal control over financial reporting that occurred during our most recent fiscal quarter that has materially affected, or is reasonably
likely to materially affect, the Trust’s internal control over financial reporting.

PART II - OTHER INFORMATION:
Item 1.

Legal Proceedings

None.
Item 1A.

Risk Factors

You should carefully consider the factors discussed in Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended September 30, 2023, which
could materially affect our business, financial condition or future results. There have been no material changes in our risk factors from those disclosed in our Annual
Report on Form 10-K.
The risks described in our Annual Report on Form 10-K are not the only risks facing the Trust. Additional risks and uncertainties not currently known to us or that wecurrently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results.
14

Table of Contents
Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

a)

None.

b)

Not applicable.

c)

Although the Trust does not purchase shares directly from its shareholders, in connection with its redemption of Baskets, the Trust redeemed 179 Baskets(17,900,000 Shares) during the quarter ended June 30, 2024
Total Number of
Shares Redeemed
8,600,000
3,700,000
5,600,000
17,900,000

Period
4/1/24 to 4/30/24
5/1/24 to 5/31/24
6/1/24 to 6/30/24
Total

Item 3.

Average Ounces ofGold Per Share
0.09257
0.09254
0.09250
0.09254

Defaults Upon Senior Securities

None.

Item 4.

Mine Safety Disclosures.

Not Applicable.

Item 5.

Other Information

a)

None.

b)

Not applicable.

c)

No officers or directors of the Trust have adopted, modified or terminated trading plans under either a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1
trading arrangement” (as such terms are defined in Item 408 of Regulation S-K under the Securities Act of 1933, as amended) for the quarter ended June 30, 2024.

Item 6.

Exhibits

The exhibits listed on the accompanying Exhibit Index, and such Exhibit Index, are filed or incorporated by reference as a part of this report.
15

Table of Contents
EXHIBIT INDEX
Pursuant to Item 601 of Regulation S-K
ExhibitNo.

Description of Exhibit

31.1

Certification of Principal Executive Officer pursuant to Rule 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as amended, with respect
to the Trust’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024.

31.2

Certification of Principal Financial Officer pursuant to Rule 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as amended, with respect
to the Trust’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024.

32.1

Certification of Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, with respect to the Trust’s Quarterly Report on
Form 10-Q for the quarter ended June 30, 2024.

32.2

Certification of Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, with respect to the Trust’s Quarterly Report on
Form 10-Q for the quarter ended June 30, 2024.

101.INS*

Inline XBRL Instance Document

101.SCH*

Inline XBRL Taxonomy Extension Schema Document

101.CAL*

Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.LAB*

Inline XBRL Taxonomy Extension Label Linkbase Document

101.PRE*

Inline XBRL Taxonomy Extension Presentation Linkbase Document

101.DEF*

Inline XBRL Taxonomy Extension Definition Linkbase Document

104.1

Cover Page Interactive Data File—The cover page interactive data file does not appear in the interactive data file because its XBRL tags are embedded
within the inline XBRL document.

* Pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11
or 12 of the Securities Act of 1933, as amended, are deemed not filed for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, andotherwise are not subject to liability under those sections.
16

Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned in thecapacities* indicated thereunto duly authorized.
WORLD GOLD TRUST SERVICES, LLC
Sponsor of the SPDR® Gold Trust(Registrant)/s/ Joseph R. Cavatoni
Joseph R. Cavatoni
Principal Executive Officer*/s/ Amanda Krichman
Amanda Krichman
Principal Financial and Accounting Officer*

Date: August 6, 2024*

The Registrant is a trust and the persons are signing in their capacities as officers of World Gold Trust Services, LLC, the Sponsor of the Registrant.
17

Exhibit 31.1
CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER
PURSUANT TO RULE 13a-14(a) AND 15d-14(a)UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
I, Joseph R. Cavatoni, certify that:1.

I have reviewed this quarterly report on Form 10-Q of the SPDR® Gold Trust (the “Trust” or the “Registrant”);

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial
condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4.

I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal
control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure thatmaterial information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during theperiod in which this report is being prepared;
b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, toprovide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance withgenerally accepted accounting principles;
c. Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of thedisclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; andd. Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter(the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’sinternal control over financial reporting; and5.

I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the auditors of the Registrant and the audit committee of theRegistrant’s board of directors (or persons performing the equivalent functions):a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely toadversely affect the Registrant’s ability to record, process, summarize and report financial information; andb. Any fraud, whether or not material, that involves persons who have a significant role in the Registrant’s internal control over financial reporting.

Date: August 6, 2024
/s/ Joseph R. Cavatoni
Joseph R. Cavatoni**
Principal Executive Officer***

The originally executed copy of this Certification will be maintained at the Sponsor’s offices and will be made available for inspection upon request.
The Registrant is a trust and Mr. Cavatoni is signing in his capacity as Principal Executive Officer of World Gold Trust Services, LLC, the Sponsor of theRegistrant.

Exhibit 31.2
CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER
PURSUANT TO RULE 13a-14(a) AND 15d-14(a)UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
I, Amanda Krichman, certify that:1.

I have reviewed this quarterly report on Form 10-Q of the SPDR® Gold Trust (the “Trust” or the “Registrant”);

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial
condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4.

I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal
control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure thatmaterial information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during theperiod in which this report is being prepared;
b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, toprovide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance withgenerally accepted accounting principles;
c. Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of thedisclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; andd. Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter(the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’sinternal control over financial reporting; and5.

I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the auditors of the Registrant and the audit committee of theRegistrant’s board of directors (or persons performing the equivalent functions):a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely toadversely affect the Registrant’s ability to record, process, summarize and report financial information; andb. Any fraud, whether or not material, that involves persons who have a significant role in the Registrant’s internal control over financial reporting.

Date: August 6, 2024/s/ Amanda Krichman
Amanda Krichman**Principal Financial and Accounting Officer***

The originally executed copy of this Certification will be maintained at the Sponsor’s offices and will be made available for inspection upon request.
The Registrant is a trust and Ms. Krichman is signing in her capacity as Principal Financial and Accounting Officer of World Gold Trust Services, LLC, theSponsor of the Registrant.

Exhibit 32.1
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TOSECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report of SPDR® Gold Trust (the “Trust” or the “Registrant”) on Form 10-Q for the period ending June 30, 2024 as filed with the
Securities and Exchange Commission on the date hereof (the “Report”), I, Joseph R. Cavatoni, Principal Executive Officer of World Gold Trust Services, LLC, theSponsor of the Trust, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Trust.
/s/ Joseph R. Cavatoni
Joseph R. Cavatoni**
Principal Executive Officer
August 6, 2024***

The originally executed copy of this Certification will be maintained at the Sponsor’s offices and will be made available for inspection upon request.
The Registrant is a trust and Mr. Cavatoni is signing in his capacity as Principal Executive Officer of World Gold Trust Services, LLC, the sponsor of the Trust.

Exhibit 32.2
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TOSECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report of SPDR® Gold Trust (the “Trust” or the “Registrant”) on Form 10-Q for the period ending June 30, 2024 as filed with the
Securities and Exchange Commission on the date hereof (the “Report”), I, Amanda Krichman, Principal Financial and Accounting Officer of World Gold Trust Services,
LLC, the sponsor of the Trust, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Trust.
/s/ Amanda Krichman
Amanda Krichman**Principal Financial and Accounting Officer
August 6, 2024***

The originally executed copy of this Certification will be maintained at the Sponsor’s offices and will be made available for inspection upon request.
The Registrant is a trust and Ms. Krichman is signing in her capacity as Principal Financial and Accounting Officer of World Gold Trust Services, LLC, thesponsor of the Trust.